Excuse the stupid question but Iv always wondered:
The sell side on PLS is currently approx 6million shares.... which equates to approx 3million dollars give or take.. PLS also has close to 50million shorts on the stock.
What would happen if a large buyer suddenly bought 6million shares at open... would the stock bounce to the highest sell price? What would happen to the shorters? Or is there always sell volume available ?
Hypothetical Question -
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Last
$2.41 |
Change
-0.170(6.59%) |
Mkt cap ! $7.257B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.60 | $2.41 | $64.35M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123970 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 15148 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |